MakeMyTrip Q4 profit slides 29.8% as West Asia conflict dents outbound travel
Adjusted net profit fell to $33.8M in Q4 FY26 as overseas travel demand weakened and tax expense more than tripled to $6M. Revenue inched up 1.9% to $250.1M (6.7% constant currency). Annual gross bookings crossed $10B as the OTA pivots toward domestic and short-haul trips.
What happened
MakeMyTrip's Q4 FY26 adjusted net profit fell 29.8% to $33.8M as West Asia conflict hit overseas travel and tax expense rose. Revenue grew 1.9% to $250.1M;
Key facts
- adjusted net profit $33.8M (-29.8% YoY)
- Q4 FY26 revenue $250.1M (+1.9%)
- constant currency growth 6.7%
- tax expense $6M vs $1.7M YoY
- annual gross bookings crossed $10B
Why this matters
MakeMyTrip's pivot to domestic and short-haul opens a window to evaluate bolt-on acquisitions in regional hotel supply, bus/rail aggregation, or Tier-2 distribution to accelerate the mix shift while outbound peers are weakened.